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Reuters
Reuters
Business
By Gabriela Baczynska

EU auditors say aid for coal regions failed to spur climate transition

Coal European Union ECA Russia Ukraine Europe Poland
FILE PHOTO: Smoke and steam billow from Belchatow Power Station, Europe's largest coal-fired power plant, operated by PGE Group, at night near Belchatow, Poland December 5, 2018. REUTERS/Kacper Pempel

Billions of euros in aid given to coal regions in the European Union have all but failed to spearhead an effective climate transition, EU auditors said on Wednesday, boding poorly for the future further complicated by Russia's war in Ukraine.

The European Court of Auditors (ECA) analysed the effects that expenditures of some 12.5 billion euros ($12.55 billion) in 2014-20 had for seven coal-producing regions in Germany, Poland, Romania, the Czech Republic and Spain.

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